AVAV
AeroVironment, Inc.
AVAV has slightly lower modeled downside risk, despite its lower overall score.
RKLB
Rocket Lab USA, Inc.
RKLB has the edge over AVAV overall, supported by stronger fundamentals and stronger modeled upside.
AVAV Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Under pressure | |
| Weak |
AVAV's revenue is currently healthy, but its profitability, cash flow and balance sheet are under pressure.
RKLB Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
RKLB's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
AVAV PE Valuation
AVAV has no meaningful PE right now: it lost money over the past year.
RKLB PE Valuation
RKLB has no meaningful PE right now: it lost money over the past year.
AVAV Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for AVAV, with profitability improving. However, they disagree widely on these estimates.
RKLB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect RKLB's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
AVAV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.74 | — |
| Q3 2026 | -$4.06 | -$3.42 |
| Q2 2026 | -$5.40 | -448% |
| Q1 2026 | -$6.09 | -634% |
| Q4 2025 | -$1.25 | -174% |
| Q3 2025 | -$0.64 | -131% |
| Q2 2025 | $1.55 | -29% |
| Q1 2025 | $1.14 | +$5.54 |
| Q4 2024 | $1.70 | +$6.63 |
AVAV is still losing money, but less than at its worst: $4.06 per share over the past year, against $7.04 at its worst in early 2023.
RKLB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.36 | +$0.03 |
| Q2 2026 | -$0.27 | +$0.19 |
| Q1 2026 | -$0.32 | +$0.09 |
| Q4 2025 | -$0.37 | +$0.01 |
| Q3 2025 | -$0.39 | -$0.02 |
| Q2 2025 | -$0.46 | -$0.11 |
| Q1 2025 | -$0.41 | -$0.04 |
| Q4 2024 | -$0.38 | $0.00 |
RKLB has the edge over AVAV on earnings, with more consistent year-over-year improvement.
AVAV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $480.5M | +5.7% |
| Q2 2026 | $641.6M | +133% |
| Q1 2026 | $408M | +143% |
| Q4 2025 | $472.5M | +151% |
| Q3 2025 | $454.7M | +140% |
| Q2 2025 | $275.1M | +40% |
| Q1 2025 | $167.6M | -10% |
| Q4 2024 | $188.5M | +4.2% |
AVAV's revenue has grown year over year for six quarters in a row: $480M last quarter, up 5.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -2.3% | +13 points |
| Q2 2026 | 8.9% | +3.8 points |
| Q1 2026 | -66% | -64 points |
| Q4 2025 | -6.4% | -10 points |
| Q3 2025 | -15% | -27 points |
| Q2 2025 | 5% | +2 points |
| Q1 2025 | -1.8% | -9.5 points |
| Q4 2024 | 3.7% | -10 points |
AVAV has the edge over RKLB on profitability, with a higher operating margin.
RKLB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $267.8M | +73% |
| Q2 2026 | $234.1M | +62% |
| Q1 2026 | $200.3M | +63% |
| Q4 2025 | $179.7M | +36% |
| Q3 2025 | $155.1M | +48% |
| Q2 2025 | $144.5M | +36% |
| Q1 2025 | $122.6M | +32% |
| Q4 2024 | $132.4M | +121% |
RKLB's revenue has grown year over year every quarter since late 2021: $268M last quarter, up 73% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -30% | +8.5 points |
| Q2 2026 | -25% | +17 points |
| Q1 2026 | -28% | +20 points |
| Q4 2025 | -28% | +11 points |
| Q3 2025 | -38% | +12 points |
| Q2 2025 | -41% | -0.5 points |
| Q1 2025 | -48% | -1.9 points |
| Q4 2024 | -39% | +41 points |
RKLB's operating margin was −30% last quarter, up 8.5 points from the same quarter a year ago.
AVAV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$30.5M | +$115.9M |
| Q2 2026 | $79.1M | +$87.9M |
| Q1 2026 | -$17.7M | +$11.9M |
| Q4 2025 | -$55.9M | -$47.2M |
| Q3 2025 | -$146.5M | -739% |
| Q2 2025 | -$8.8M | +$12M |
| Q1 2025 | -$29.6M | -161% |
| Q4 2024 | -$8.7M | +$6.3M |
AVAV has the edge over RKLB on cash flow, with more consistent year-over-year improvement.
RKLB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$23.9M | +$45.5M |
| Q2 2026 | -$110.1M | -$54.8M |
| Q1 2026 | -$77.4M | +$5.5M |
| Q4 2025 | -$114.2M | -$90.2M |
| Q3 2025 | -$69.4M | -$27.5M |
| Q2 2025 | -$55.3M | -$26.9M |
| Q1 2025 | -$82.9M | -$61.1M |
| Q4 2024 | -$23.9M | +$28.7M |
RKLB has burned cash in almost every quarter: −$326M over the past year, against −$232M the year before.
AVAV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +735K shares |
| 1 year | +6.3% | +2.9M shares |
| 3 years | +99% | +24.8M shares |
| 5 years | +105% | +25.5M shares |
| Available history | +107% | +25.8M shares |
AVAV has the edge over RKLB on shareholder dilution, with a more favorable share count trend.
RKLB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.6% | +22.6M shares |
| 1 year | +23% | +124M shares |
| 3 years | +35% | +168M shares |
| 5 years | +46% | +204M shares |
RKLB has 652M diluted shares, up 23% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
AVAV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 4.4x | High |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.3x | Net Cash |
| Q4 2024 | -0.6x | Net Cash |
| Q3 2024 | -0.6x | Net Cash |
| Q2 2024 | -0.4x | Net Cash |
| Q1 2023 | 1.4x | Healthy |
AVAV's net debt is about 4.4 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
RKLB Net Leverage
RKLB's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
AVAV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.6 | Neutral |
| Stochastic | 14.7 | Oversold |
AVAV's weekly RSI is 40 (neutral) and its Stochastic is 15 (oversold).
RKLB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.8 | Neutral |
| Stochastic | 27.6 | Neutral |
RKLB's weekly RSI is 47 (neutral) and its Stochastic is 28 (neutral).
AVAV PE vs Industrials Sector
| Metric | AVAV | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
AVAV has no meaningful PE right now: it lost money over the past year.
RKLB PE vs Industrials Sector
RKLB has no meaningful PE right now: it lost money over the past year.
AVAV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $129.3 | 6.6% below |
| 20 week MA | $147.5 | 18% below |
| 50 week MA | $194.2 | 38% below |
| 100 week MA | $206.6 | 42% below |
| 200 week MA | $172.5 | 30% below |
AVAV is in a downtrend: it's below all five of its weekly moving averages, and 30% below its 200-week average.
RKLB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $61.4 | 4.3% above |
| 20 week MA | $68.1 | 5.9% below |
| 50 week MA | $77.6 | 17% below |
| 100 week MA | $56.5 | 13% above |
| 200 week MA | $31.4 | 104% above |
RKLB has the edge over AVAV on trend strength, trading above more of its moving averages.
AVAV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $62.1 | $89.0 | +43% |
| 2021 | $89.0 | $63.8 | -28% |
| 2022 | $63.8 | $84.7 | +33% |
| 2023 | $84.7 | $126.0 | +49% |
| 2024 | $126.0 | $157.7 | +25% |
| 2025 | $157.7 | $255.0 | +62% |
| 2026 YTD | $255.0 | $120.8 | -53% |
AVAV is down 53% so far in 2026, after finishing higher in five of the previous six years.
RKLB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.82 | $10.3 | +4.9% |
| 2021 | $10.3 | $12.0 | +17% |
| 2022 | $12.0 | $3.77 | -69% |
| 2023 | $3.77 | $5.53 | +47% |
| 2024 | $5.53 | $27.2 | +392% |
| 2025 | $27.2 | $70.7 | +160% |
| 2026 YTD | $70.7 | $64.1 | -9.3% |
RKLB has the edge over AVAV on returns for 2026, with the stronger performance.